For those of us that want to delve in to spread betting but have absolutely no idea how this works - it’s a good idea to read whatever you can. You would be really surprised as to the amount of websites available online.
These websites have all kinds of informational blogs including; how spread betting works, basic principles, difference between spread betting and forex, etc. They even have hints and tips for the market which will be useful to you in the present or future once you really start getting into this. Here are a few blog titles I found on one website I found recently:
LS Trader: The Week Ahead
Currency CFDs: U.S. Dollar in Forex Trading
Financial Spread Betting Strategy: Oil Prices
These aren’t huge boring blogs like the ones you usually find online. Instead, they are very simple to understand with no hogwash included. Simply visit the blog of your choice and take a look at the “recent posts” or the “categories”. There will probably be a few different blog posts for each level of person - newbie or advanced spread better.
Personally, I would recommend looking at all the information on these websites. You never know what new and interesting tips and or tricks you might find out about!
Also, if you are interested in reading a few books (non ebooks) you might want to check out these: Successful Spread Betting (Paperback) by Geoff Harvey, The Beginner’s Guide to Financial Spread Betting, 2nd Edition: Step-by-step Instructions and Winning Strategies (Paperback) by Michelle Baltazar, The Financial Spread Betting Handbook: A Guide to Making Money Trading Spread Bets by Malcolm Pryor, Bets and the City: Sally Nicoll’s Spread Betting Diary by Sally Nicoll, Come into My Trading Room: A Complete Guide to Trading by Alexander Elder or Technical Analysis for Dummies (For Dummies (Lifestyles Paperback)) (Paperback) by Barbara Rockefeller.
I’m more of a reader when it comes to physical books. I don’t really like to read online, although you will find a lot of, how shall I say, unknown tactics on websites more so than in actual books. It really depends on what you want and what you are comfortable with.
In the end it’s all about learning everything you can. This type of betting can be incredibly lucrative but it’s also important to realize that its also risky. You need to learn the guidelines, rules and tactics but also the standard techniques of how spread betting works and what things you should or shouldn’t do.
A lot of these websites and books will also teach you about things that maybe some bookmakers wouldn’t tell you about such as the fee for Interest Rates. Of course it’s in their best interest to not to tell you something like this, which is why you need to take it upon yourself to learn anything and everything you can! Those little tidbits of info could save you a lot of money in the end and that is what spread betting is all about.
This Author is a huge fan of Spread Betting
- Spread Betting Your Way To Wealth Most people resort to conventional trading options for retirement or other personal investments, such as 401k plans, IRAs or traditional stocks and bonds. However, spread...
- The Basic Principles Of Spread Betting Spread betting is unlike every other form of betting out there. It isn’t done in Casinos like that of Blackjack and roulette and it isn’t...
- What Is Spread Betting And How Does It Work? The “spread” is the difference between the buy and sell costs. First created by IGIndex to trade Gold in the 70s it was used without...
- Learn How To Do Sports Betting If you like gambling then you will love the thrill of sports betting. This type of betting is cool because you can bet on all...
- What Is The Difference Between Spread Betting & Forex Trading? Spread betting is an easy means to benefit from the foreign exchange (forex) market. The forex market is highly liquid (turnover has skyrocketed from approximately...